Business Ethics in Business Environment by G Anusuya

1. NAME : G. ANUSUYA
ROLL NO. : PS6562
Submitted To : L.M. Maha lakshmi MBA.,

3. INTRODUCTIONOF BUSINESS ETHICS
‘BUSINESS ETHICS’can be termed
as a study of proper business policies
and practices regarding potentially
controversial issues, such as
corporate governance, insider
trading, bribery, discrimination,
corporate social responsibility and
fiduciary responsibilities .

4. WHAT IS ETHICS ?

5. ETHICS
ETHICS
is about
right and
wrong
behavior
with the
preferenc
e to
choose
right over

9. ETHICS ETHOS = CUSTOM OR CHARACTER
About what is right and what is wrong.
“Systematic study” of the underlying principles
of morality.
Ethics also called moral philosophy, the
discipline concerned with that is morally good
and bad and morally right and wrong. The term
is also applied to any system or theory of moral
values or principles.

10. Business ethics is the study of
business situations, activities,
and decisions where issues of
right and wrong are addressed.
Business ethics are the principles
and standards that determine
acceptable conduct in business
organizations. Business ethics
relates to an individual’s or a
work groups decisions that
society evaluates as right or

11. According to Andrew Crane, “
Business ethics is the study of business
situations, activities, and decisions where
issues of right and wrong are addressed.”
Raymond C. Baumhart defines,
“ The ethics of business is the ethics of
responsibility. The business man must
promise that he will not harm knowingly.”

12. NATURE OF BUSINESS ETHICS
Ethics is important in all type of business –large or
small, manufacturing or service
Ethics is a dynamic term and may change over time
Code of conduct:
Business Ethics is a code of conduct. It tells what
to do and what to do for the welfare of the society. All
business must follow the code of conduct.

13. New Concept:
Business ethics is a newer concept . It is
strictly followed only in developed countries. It is
not followed properly in poor and developing
countries.
Voluntary:
Business ethics must be voluntary.

14. The businessmen must accept business ethics on
their own . Business ethics must be like self-
discipline. It must not be enforced by law.

15. ELEMENTS OF BUSINESS ETHICS
Values:
Values are the moral beliefs held by an individual, an
organisation and a society. Values represent moral convictions
and are relatively permanent.
For example, a company may charge reasonable prices due to
its value systems inspite of its monopoly position in the
industry.

16. Rights:
Rights are the claims of the individual or organisation.
For example, every citizen of India enjoys certain rights under the
country’s Constitution.
Duties:
Duties are the obligations of a person or an organisation.
For example, every citizen has the duty to follow the country’s law.